A proud distinction

“Queens foreclosures remain at worrisome levels,” said PropertyShark.com Chief Executive Ryan Slack. “Typically the second quarter foreclosure numbers are lower than the first quarter, but this year the numbers keep climbing,” he added.

This is because Queens has the most lending predators and subprime mortgage victims. But someone is doing something to curtail that:

5 comments:

Anonymous
said...

Yet another example of the urban deterioration of Queens. Every other boro and suburb is improving from the 70s and 80s (even Newark is struggling to get better) as Queens quietly sinks lower and lower.

Tottering old ladies and gents living in the past (and living in a fog) surpress any opportunity for new blood and change (and give away the shop - and boro- for a song.)

As Rome burns they idle away the time without the foggiest idea what to do except giving each other little plaques at rubber chicken events (and unlike real news, these are covered extensively and breathlessly in the local press) that drone far far far into the night.

There's also a huge amount of FRAUD in Queens-particularly with purchases of homes at foreclosure, phony flips and pumping of prices, draining of the "equity" through HELOCS-and then the scammers let the whole thing drop and let the property go back into foreclosure, where it goes around again....there are too many careless banks, criminal real estate lawyers and crafty crooks who know this game

What is really creepy is the "ads by Google" at the top of the Forgotten NY page about St. Saviours about foreclosed properties in New York City, Parker Towers condos (no fees!) and the like - at least when I went to read it (I realize Kevin has no control over that).

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Why your neighborhood is full of Queens Crap

"The difference between dishonest and honest graft: for dishonest graft one worked solely for one's own interests, while for honest graft one pursued the interests of one's party, one's state, and one's personal interests all together." - George Washington Plunkitt

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